Most salon owners rent their salon space, but few are trained in leasing legalese and the considerations that should be taken into account before signing on the dotted line. Learn what to look for so your lease works to your benefit — not your landlord’s.

Blocks up from the sand on a quiet stretch of Pacific Coast Highway in Redondo Beach, Calif., first-time salon owner Nancy Som opened Dipped Nails seven months ago with a desire to achieve, a strong work ethic, and an ace up her sleeve.

As the April filing date nears, it’s time to double-check deductions and start planning for next year. Whether you are a one-station booth renter or a salon with multiple locations, you will want to make the most of every advantage the tax laws allow.